Oh, gather ‘round, you merry financial folk! Circle has waved its wondrous wand and minted another 250 million USDC on the whimsical Solana blockchain, tickling its total issuance in 2025 to the eye-popping sum of 8 billion USDC. 🤑 Why, it’s as if the money trees are blooming in the enchanted forest of stablecoins!
According to the clever little elves over at Spot On Chain, they squeaked out the news in a delightful February 24 tweet. These fine fellows revealed that Circle had not just stopped at 250 million. Oh no! Over the past week, they’ve sprinkled an additional 1 billion USDC onto the Solana soil. Can you believe it? I nearly choked on my morning gobble-nosh! 🤣
Let’s rewind a bit, shall we? January saw Circle mint a whopping 6 billion USDC, followed by a cheeky extra 2 billion in February. It seems our friend Circle just can’t get enough of this minting malarkey!
Circle just minted another 250M $USDC on Solana!
This latest mint brings the 7-day total to 1B $USDC.
So far in 2025, Circle has minted 8B $USDC on #Solana—6B in January and 2B in February.
Follow @spotonchain for more real-time updates now:
— Spot On Chain (@spotonchain) February 24, 2025
Circle’s USDC stash on Solana is skyrocketing like an overzealous hot-air balloon, thanks to the bustling DeFi activities and trading shenanigans occurring on the network. And let’s not forget the sprightly regulatory shifts in the mysterious land of Europe that have been blowing a favorable wind in USDC’s sails!
With its nose firmly stuck in compliance with the Markets in Crypto-Assets regulations, Circle finds itself dancing a jig of success in the European market. Meanwhile, poor old Tether’s USDT has been rudely tossed off exchanges like a misbehaving monkey at a tea party! 🐒
Circle is not just sitting around chewing on its quills; oh no! They’ve been coaxing important licenses from various authorities, including a shiny new Electronic Money Institution license from the French. Vive la liberté of finance! 🇫🇷
While USDT’s supply twiddled its thumbs with a paltry 2.5% growth last month, USDC burst forth like a champion, soaring by a hearty 16%. Thanks to these fantastic feats, USDC’s market cap now stands tall at a whopping $57.19 billion, as revealed by DefiLlama – quite the splendid pot of gold! 🌈
But wait, there’s more! Circle, in its mission to rule the roost, grabbed hold of Hashnote, a company dabbling in tokenized real-world assets, making waves with its $1.3 billion USYC token. They’re like the magical beanstalk of the tokenized treasury world!
And as if that weren’t enough, they gifted us with Paymaster, a nifty tool allowing users to pay gas fees with USDC on Arbitrum and Base. Talk about a treat! It even made a grand entrance on Aptos, reaching a charming total of 16 blockchain networks!
With Circle’s moral compass aligning ever so favorably and USDC playing a crucial role in the bustling DeFi circus, this merry company is cementing its place as the ringmaster in the rollercoaster ride that is the global stablecoin industry! 🎪🎉
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2025-02-24 11:38